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Puru Saxena, investment commentator and ex-fund manager at FinTwit, reported a shift in his investment approach by selling put options and enhancing positions in three portfolio companies after a recent pullback.
He indicated that these moves came after previously locking in gains a few weeks ago. Subscribers were invited to log in for further details.
Saxena has previously commented on sharp moves in Asian equities. He analyzed a 9 percent decline in the KOSPI that triggered trading halts. He also reported on a 10 percent drop in KOSPI futures, noting that parabolic moves often reverse gains.